Optimization Of Capital Structure And Governance Of Listed Companies In China

On the base of the requirement of the modern socialist market economy,this essay will make use of the analytical method and technique of the moderneconomics theory, such as the International business management experienceand synthetically use the transaction cost theory, principle-agency theory,capital structure contract theory, in order to make a thorough and systematicresearch of the governance effect of capital structure. The purpose of thisessay is to:(1) Provide a new method for the research of the capital structure andcorporate governance structure.(2) Analyze and determinate the actuality of the corporate governancestructure in Chinese listed company. In the meantime, this essay putsome attention to the determination of the impacting factors of the capitalstructure of the listed companies.(3) Provide some political reference for the capital structuregovernance and corporate governance.This essay includes five parts: Introduction, historical overview of themost important theories of capital structure, the actuality of the corporategovernance structure in Chinese listed company, the impacting factors of thecapital structure of the Chinese listed companies, political proposal foroptimizing the governance of the capital structure in the listed company.The first part will be the introduction part of the essay, the author willexplain the reason why to choose the governance effect of the corporatecapital structure of the listed company as the research topic and thesignificance of the chosen topical;explain the innovative part of the essay andthe research method, and to arrange the structure of the total essay.Next, historically overview the most important theories of the researchtopic: the governance effect of the capital structure of the listed companies.The third chapter will systematically explain the actuality of thecorporate governance structure in Chinese listed company, problems existing.The forth part will be the key part of the essay, the author will attachgreat importance to the factors impacting the governance effect of thecorporate capital structure.In the end, the fifth part of the essay synthetically use the research of theprevious chapters and integrate the specific condition of the capital structureof and corporate governance structure, provide some political proposal foroptimizing the capital structure and corporate governance structure. Theauthor sincerely wishes these suggestions and advices can bring some benefitsto the China SEC on how to supervise and improve the capital structure andcorporate governance structure.